UBS Reconfirms ServiceNow (NYSE:NOW) As a “Buy”; They Now Have a PT Of $97.0


ServiceNow (NYSE:NOW) Rating Reaffirmed

The financial firm has just set a target price per share of $97.0 on ServiceNow (NYSE:NOW) shares. This is 12.18% from the last stock price. In a recent research report sent to investors on 2 December, UBS has restated their “Buy” rating on shares of NOW.

From a total of 25 analysts covering ServiceNow Inc (NYSE:NOW) stock, 24 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 89% of the ratings are positive. The highest target price is $110 while the lowest target price is $70. The mean of all analyst targets is $88.36 with a 0.36% above today’s ($88.28) stock price. ServiceNow Inc was the topic of 6 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. BTIG Research initiated shares on September 10 with “Buy” rating. UBS maintained NOW stock in a recent report from July 30 with “Buy” rating.

Approximately 582,510 shares of stock traded hands. ServiceNow Inc (NYSE:NOW) has risen 11.62% since April 29, 2015 and is uptrending. It has outperformed by 11.82% the S&P500.

ServiceNow, Inc. is a provider of cloud solutions that define, structure, manage and automate services across the global enterprise. The company has a market cap of $14.04 billion. The Firm provides cloud service management solutions that address the needs of a range of departments within an organization, including IT, human resources , facilities, field service, marketing, legal and finance. It currently has negative earnings. It also provides business management and IT activities management solutions that facilitate the delivery of services across the enterprise.

According to Zacks Investment Research, “ServiceNow, Inc. provides cloud-based services that automate enterprise IT operations. The Company’s service includes a suite of applications built on its platform that automates workflow and integrates related business processes. It focuses on transforming enterprise IT by automating and standardizing business processes and consolidating IT across the global enterprise. ServiceNow, Inc. is based in San Diego, California.” Get a free copy of the Zacks research report on ServiceNow Inc (NOW).